The Enzyme Economy: How Biocatalysts Are Powering the Future of Industry
The global enzymes market was valued at approximately USD 60.48 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030. A significant driver of this growth is the increasing global demand for food and beverage products, spurred by rising consumer awareness regarding health, wellness, and nutrition. As consumers become more conscious of their dietary choices, there is a growing preference for high-quality, health-promoting products—thereby fueling the demand for enzymes across various applications. Enzymes are naturally occurring proteins that catalyze biochemical reactions, and they are extracted from diverse biological sources, including animal parts (such as the stomach of calves), microorganisms, and plant-based materials. With continuous advancements in biotechnology, manufacturers now have greater flexibility in selecting production hosts, including...